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8 Mar 2022 14:52
IN BRIEF: H&T profit hurt by customer redress provision but optimistic
H&T Group PLC - Surrey, England-based pawnbroker - Pretax profit nearly halves to GBP7.9 million in 2021 from GBP15.6 million in 2020, as revenue from continuing operations declines by 5.5% to GBP122.0 million from GBP129.1 million. Also takes GBP2.1 million provision for customer redress, compared to no such hit the year before, amid a review by UK regulator the Financial Conduct Authority of H&T's unsecured high-cost short term loans business. Declares final dividend of 8.0 pence per share, up from 6.0p, bring the total dividend for 2021 to 12p, up from 8.5p.
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